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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Bank Holding Company who wrote (238684)	2/18/2010 11:22:21 AM
From: Perspective	Respond to of 306849

Each household in the top 400 of earners paid an average tax rate of 16.6 percent, the lowest since the agency began tracking the data in 1992, the Internal Revenue Service statistics show. Their average effective tax rate was about half the 29.4 percent in 1993, the first year of President Bill Clinton’s administration, when taxes were increased. The statistics underscore “two long-term trends: that income at the very top has exploded and their taxes have been cut dramatically,” said Chuck Marr, director of federal tax policy at the Center on Budget and Policy Priorities, a Washington research group that supports increasing taxes on high-income individuals. The top 400 earners received a total $138 billion in 2007, up from $105.3 billion a year earlier. On an inflation-adjusted basis, their average income grew almost fivefold since 1992, the data show. `BC

To: Bank Holding Company who wrote (238684)	2/18/2010 11:26:13 AM
From: Perspective	Respond to of 306849

<The top 400 earners received a total $138 billion in 2007> Just in case you didn't catch it, that's 1% of the entire facking gross domestic output of a country of 300 million people, to 400 individuals, or .000001 of the population... Fortunately, they did awesome things like cure cancer and develop fantastic technologies that have secured energy independence and long-term prosperity for our country. Oh wait - they didn't. Nevermind... `BC